To
Mr. K Ravinder Reddy
Chairman & Managing Director
Janapriya House, H. No. 3-6-115
Street No. 18, Himayath Nagar,
Hyderabad – 500 029.
Sub: 1) Formation of Association under “Karnataka apartment owners Association Act1972” 2) Handover from Builder to Owners Association along with legal documents.
Sir,
As you know that each apartment complex has its own apartment owners association for maintenance of apartment and its amenities. it is duty of builder to form of apartment owners association & maintain the apartment and its amenities. And transfer the corpus fund for maintenance of apartment and its amenities to the registered Association as early as possible, regarding this we made correspondences earlier, but you are not any action to register it, Now we decided that maintenance will be carried out by the Builders till the formation of Apartment Owners Association. After completion of pending work and formation of apartment owners association, you need to handover left over money, audited accounts of the maintenance fund and interest earned and it is to handover apartment and its amenities to apartment owners association in proper manner.
Make arrangement for Handover the Valid Association.
Apartment owners association need to get documents and audited accounts from builder during handover of apartment. Therefore you are requested to arrange Following are list of items builder has to handover apartment owners association during handover of apartment and its amenities.
• Proof of approved floor plans: Handover documents and proof of approved floor plans to apartment owners association during handover of apartment and its amenities.
• Copy of Building plan and approval plan: All building plans need to be approved by the local authority. Builder has to handover copy of building plan and approval plan to association to prove the apartment and all its amenities are constructed as per plan approved by concerned authority.
• NOC from local authority: No objection Certificate or NOC is issued only to apartment or building that does not object to the covenant of the certificate. Builder has to handover NOC from pollution board, electricity, water and fire department needed to apartment owners association.
• Completion certificate (CC): An apartment or building cannot be occupied without completion certificate. Issuing of Completion Certificate will ensure that the owner has constructed the building as per approved plan. Builder has to handover completion certificate to association.
• Transfer utility connection: It is duty of builder to transfer utility connection to association name during handover of apartment and its amenities. In case builder fails to transfer utility connection, builder has to give NOC to apartment owners association for transferring utility connections such as electricity, water connection to association.
• Handover of documents: Handover of documents such as original registration documents, parental documents, drawings, concerned authority approvals etc. to the association.
Other documents or items to handover
Following are other important documents or items that a builder need to handover to association along with handover of apartment and its amenities.
• Audited accounts of the maintenance and interest earned
• Details of deposit if any
• Apartment tax related details
• Insurance details for the building
• Handover of the left over money
• Handover of Office room, records, documents etc. to the association.
• Contract or agreement details of maintenance staffs and security service
• Issue of consent letter from Electricity Board for change of name
• List of amenities in the apartment
• List of service offered by builder after handover of apartment
• Handover of parking lot and other amenities to the association
• Contracts on the structural issues
• Insurance details for the building
• Car Parking allocation and marking
• Repairs or service (for any of the house if owner asks for it)
After formation of apartment owners association, kindly handover maintenance fund or corpus fund to apartment owners association. In case you fail or refuse to handover apartment or its amenities after completion of construction and formation of apartment owners association, a criminal offence will be filed against the you by association. After formation of RWA or apartment owners association, builder has to handover maintenance fund, documents relating to apartment and its amenities to apartment owners association.
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